...to get an update on Runh, as its been a month since Edenville was supposed to of reviewed the agreement
Back on the 1 March 2016 Edenville Energy plc stated
Work either already in progress or commencing in Q2 2016 includes:
Sourcing and acquisition of suitable plant and machinery for the commencement of site earthworks scheduled for Q2 2016 - the Company is running final comparisons between hire, purchase and contract options to determine the most cost effective solution to commence site preparation works, as per the conditions of the Mining Licence.
Excavation and testing of a bulk sample of coal - to determine the proportion of coal to be washed and optimise design for both the coal wash plant and power plant furnace and boiler.
ommissioning of remaining mining Bankable Feasibility Study ("BFS") work - This will incorporate both near term mining plan and large scale power plant supply requirements.
Expansion of the 2014 Lahmeyer Power Plant Feasibility Study to include phased scale up to a 300MW thermal power plant - the majority of the feasibility work is already contained within Lahmeyer's 2014 study. The augmented report will be a desk top process, to review expansion options for increasing power generation capacity to 300MW.
Commission an airborne topographic survey to accurately map both the mine and power plant locations - to enable detailed design work on both mine site and power plant areas.
The Company expects to have the majority of the tasks completed during Q3 2016 with the exclusion of the Power Plant EIA which is a longer lead time item. All consultancy teams are aware of, and working within, strict financial and time parameters.
It's now 4 months since that statement, so as we head into Q3 it would be good to know where we are at with the above activities (and Runh) - Surely something has happened in 4 months????
I've been pleased to be able to add around 5m a month lately, and my commission (JPMorgan) is £40 or 1% if greater. I think a lot of what we see with the tiny trades are pi account or internal adjustment and alike. imo
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